Ares Management (NYSE:ARES) Director Acquires $1,266,100.00 in Stock

Key Points

  • Ares Director Ashish Bhutani bought 10,000 shares on Feb. 6 at $126.61 each for a total of $1,266,100, increasing his stake to 34,071 shares (a 41.54% rise).
  • Ares raised its quarterly dividend to $1.35 (from $0.84), implying an annualized $5.40 and a ~3.9% yield, though the dividend payout ratio is a high 265.09%.
  • In the latest quarter Ares reported EPS of $1.45 (missing the $1.71 consensus) while revenue beat at $1.50B versus $1.38B; analysts' consensus is a "Moderate Buy" with an average price target of $185.13.

Ares Management Corporation (NYSE:ARES - Get Free Report) Director Ashish Bhutani purchased 10,000 shares of Ares Management stock in a transaction that occurred on Friday, February 6th. The shares were bought at an average price of $126.61 per share, for a total transaction of $1,266,100.00. Following the completion of the transaction, the director owned 34,071 shares in the company, valued at $4,313,729.31. The trade was a 41.54% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Ares Management Stock Performance

Shares of ARES stock opened at $136.86 on Wednesday. The company has a market capitalization of $44.74 billion, a P/E ratio of 80.98, a PEG ratio of 0.82 and a beta of 1.52. Ares Management Corporation has a fifty-two week low of $110.63 and a fifty-two week high of $195.26. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.22 and a current ratio of 0.22. The stock has a 50 day moving average price of $162.07 and a two-hundred day moving average price of $164.45.

Ares Management (NYSE:ARES - Get Free Report) last issued its earnings results on Thursday, February 5th. The asset manager reported $1.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.71 by ($0.26). Ares Management had a return on equity of 19.26% and a net margin of 9.41%.The firm had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the prior year, the business posted $0.55 EPS. Analysts expect that Ares Management Corporation will post 5.28 earnings per share for the current year.

Ares Management Increases Dividend




The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be given a $1.35 dividend. The ex-dividend date is Tuesday, March 17th. This is a positive change from Ares Management's previous quarterly dividend of $0.84. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.9%. Ares Management's dividend payout ratio is presently 265.09%.

Institutional Trading of Ares Management

A number of hedge funds have recently modified their holdings of ARES. Exchange Traded Concepts LLC increased its stake in shares of Ares Management by 100.0% in the 3rd quarter. Exchange Traded Concepts LLC now owns 190 shares of the asset manager's stock worth $30,000 after acquiring an additional 95 shares in the last quarter. Elevation Point Wealth Partners LLC purchased a new stake in Ares Management in the second quarter worth about $35,000. Redmont Wealth Advisors LLC bought a new position in shares of Ares Management during the third quarter valued at approximately $40,000. Atlantic Edge Private Wealth Management LLC purchased a new position in shares of Ares Management during the fourth quarter valued at approximately $42,000. Finally, Elyxium Wealth LLC bought a new stake in shares of Ares Management in the 4th quarter worth approximately $42,000. Institutional investors own 50.03% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on ARES. Keefe, Bruyette & Woods increased their price objective on Ares Management from $188.00 to $189.00 and gave the stock an "outperform" rating in a report on Tuesday, November 4th. Deutsche Bank Aktiengesellschaft raised Ares Management from a "hold" rating to a "buy" rating and dropped their price target for the stock from $182.00 to $155.00 in a research note on Friday. Morgan Stanley set a $178.00 price objective on shares of Ares Management in a research report on Tuesday, January 27th. Raymond James Financial upgraded shares of Ares Management from a "market perform" rating to a "strong-buy" rating and set a $157.00 price objective for the company in a report on Monday. Finally, The Goldman Sachs Group cut their target price on shares of Ares Management from $189.00 to $165.00 and set a "buy" rating on the stock in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Ares Management presently has a consensus rating of "Moderate Buy" and an average price target of $185.13.

Check Out Our Latest Stock Report on Ares Management

Ares Management Company Profile

(Get Free Report)

Ares Management Corporation (NYSE: ARES) is a global alternative asset manager that provides investment solutions across credit, private equity and real estate. The firm originates and manages capital across a range of strategies including direct lending, syndicated and special situations credit, private equity buyouts and growth investments, and real estate equity and debt. Ares serves institutional investors, insurance companies, pension funds, sovereign wealth funds, and high‑net‑worth clients through both commingled funds and bespoke managed account structures.

Within credit, Ares offers strategies spanning leveraged loans, structured credit, opportunistic and distressed debt, and specialty finance, with an emphasis on underwriting, portfolio construction and active asset management.

Further Reading

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